Week 4 Homework Saved He 2 Badgersize Company has the following information for

Question

Week 4 Homework Saved He 2 Badgersize Company has the following information for its Forming Department for the month of August 15 points Rork in Process Inventory, August 1: 20,000 units Direct materials: 100% complete s 80,000 24,000 $104, 000 47,000 57,000 conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August eBook Direct materials Conversion costs: Direct labor Overhead applied Print $141,000 $115,000 141, 000 $256, 000 Total conversion Assume materials are added at the start of processing Required a. Calculate the equivalent units for the Forming Department for the month of August b. Find the cost per equivalent unit of input resource (Round your answers to 2 decimal places.) Direct Conversion Equivalent units bCost per aqulvalent unit

Explanation / Answer

Assuming FIFO method: a Direct materials Conversion Work in Process inventory, August 1 0 16000 Units started and completed 37000 37000 Work in Process inventory, August 31 10000 7000 Equivalent units 47000 60000 b Direct materials Conversion Current costs 141000 256000 Divided by Equivalent units 47000 60000 Cost per Equivalent unit 3 4.27

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